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Topic: Will GLBSE ever be lowering its prices? - page 2. (Read 5063 times)

newbie
Activity: 34
Merit: 0
8BTC to IPO a company or security?

Nefario pretty much nailed it. If $40 is preventing you from going public, you're doing it wrong.
legendary
Activity: 2618
Merit: 1007
$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?
Hundreds of new contracts per week on https://glbse.com/assets? Just because 3 nerdy kids somewhere want to split their lunch money evenly?! Even though I don't want to pay the 8 BTC fee either, I perfectly understand why it's there and hope Nefario makes a good cut from it.
legendary
Activity: 1031
Merit: 1000
I must say, GLBSE seems much improved. I am developing some businesses and am likely to use GLBSE when I need extra capital to take them to the next level.

I like the current incarnation of GLBSE and can see it developing into a great pillar for the BitCoin community. I think 8BTC may be a little too low. And it may even be good to add something like an escrowed amount to raise the barrier to creating assets so that a potential scam artist has more to lose and thus a lower ROI .... not that that has stopped Wall Street though.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
I must say, GLBSE seems much improved. I am developing some businesses and am likely to use GLBSE when I need extra capital to take them to the next level.
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
That's pretty much how it was before it was taken over.

It's always been the same people running GLBSE, what has changed is the way we ran it (our original experiment failed and the first version of GLBSE became a wasteland).

A bitcoin stock market was something really new and untested when we started, and our dream was to have an anonymous funding ecosystem where people used keys to access their account. Sadly the result of all this was a scamfest and a huge number of people losing their keys.
newbie
Activity: 27
Merit: 0
I see no problem with people losing their money when they didn't verify the security creator's credibility.

Anyways, thank you.
hero member
Activity: 700
Merit: 500
$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?
That's pretty much how it was before it was taken over. You'd have about a 50/50 chance of investing in a scam if you picked a security at random.

GLBSE has never been taken over. It's the same group behind it today as at it's initial genesis.
hero member
Activity: 700
Merit: 500
$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?

In the past when costs were lower there were a large number of scams, as the barrier to entry to being listed was too low. It didn't take very many BTC/share sales for a scam to be profitable to run.
donator
Activity: 1218
Merit: 1015
$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?
That's pretty much how it was before it was taken over. [my bad -- see below] You'd have about a 50/50 chance of investing in a scam if you picked a security at random.
newbie
Activity: 27
Merit: 0
$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue

Imagine if the cost was a $1 and people created hundreds of contracts per week.

Would that not be more profitable?
hero member
Activity: 602
Merit: 513
GLBSE Support [email protected]
I think that if 8BTC is too much for what you're doing (i.e. it will effect the bottom line of your operation), then I think you'd be better suited to doing it privately, you don't really have need for using GLBSE(i.e what you're doing is small enough to be funded by only a few people).
donator
Activity: 1218
Merit: 1015
$40 for the service is pretty dirt-cheap. Nef does a lot of work on the site (along with others involved) and's willing to spend a fair amount of time fixing any problems which come up.

Though.... if you're really interested in an answer, you could try posting it on http://predict.glbse.com/  Tongue
newbie
Activity: 27
Merit: 0
I wanted to create several futures for minor commodities and events but I can't justify it at $40 per contract.

Will there ever be a lower cost?
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